GALA/USDT – 1H – SELLThe currency pair Gala/Tether (GALA/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support at 0.012070000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.014660000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Tweezers Top’ chart pattern is detected. The chart forms ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.017930000 |
| 2nd High | 0.015790000 |
| Next High | 0.014660000 |
| Current Price | 0.013000000 |
| Next Low | 0.012070000 |
| 2nd Low | 0.011750000 |
| 3rd Low |
0.014660000 – 0.015790000 – 0.015290000 – 0.013600000 – 0.013900000 – 0.014560000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Tweezers Top